American Strategic Investment Co. announced its financial results for Q3 2025, revealing revenue of $12.3 million.
The company reported a net income of $35.8 million attributable to common stockholders.
Key metrics included a cash net operating income of $5.3 million and adjusted EBITDA of $1.9 million.
Revenue Decrease
Revenue decreased to $12.3 million, mainly due to the sale of 9 Times Square in the prior year.
Net Income Turnaround
Net income attributable to common stockholders improved to $35.8 million from a loss of $34.5 million in Q3 2024.
Operational Performance
Cash NOI decreased to $5.3 million, and adjusted EBITDA dropped to $1.9 million.
- The company's portfolio occupancy stood at 80.9% with a weighted-average remaining lease term of 6.2 years.
- A cooperative consensual foreclosure at 1140 Avenue of the Americas is expected to strengthen the company's financial position going forward.
American Strategic Investment Co.'s strategic actions in Q3 2025 demonstrate a focus on enhancing asset value and controlling costs for long-term shareholder value.